Therapie Clinic Joins Angel Central’s Thriving Retail Scene
- Angel Central completes ground floor leasing with Therapie Clinic signing
- Footfall up by 2.6% and 3.7% compared to Q3 2023 and Q3 2019 respectively
- Year-to-date sales up 25.8% and 8.1% like-for-like
- Solid performance with existing retailers outperforming
- Ciara Daffy, asset manager at CBRE Investment Management comments on success
Angel Central, a retail and leisure destination in Islington, has completed the leasing of its ground floor with Therapie Clinic joining anchor stores Uniqlo and H&M. This milestone comes alongside significant year-on-year sales growth of 34.8% in Q3 and an 11.4% increase in like-for-like sales. Footfall has also increased by 2.6% and 3.7% compared to Q3 2023 and Q3 2019, with year-to-date sales up 25.8% and 8.1% like-for-like. Ciara Daffy, asset manager at CBRE Investment Management, highlights the success of bringing in new brands like Therapie Clinic and stimulating growth among existing retailers, leading to one of Angel Central’s most successful years post-refurbishment.
Factuality Level: 10
Factuality Justification: The article provides accurate information about the leasing progress at Angel Central, including specific percentages for sales and footfall growth, quotes from a relevant source, and discusses the success of both new and existing retailers. It does not contain any irrelevant or misleading information, sensationalism, redundancy, personal perspective presented as fact, invalid arguments, logical errors, inconsistencies, fallacies, or incorrect conclusions.
Noise Level: 3
Noise Justification: The article provides relevant information about the leasing progress at Angel Central and its positive performance in terms of sales and footfall growth. However, it lacks a broader analysis or exploration of long-term trends or consequences of decisions on those who bear the risks.
Financial Relevance: Yes
Financial Markets Impacted: No
Financial Rating Justification: The article discusses the financial performance of a retail and leisure destination, Angel Central, including sales growth, footfall increase, and new tenant signings. It mentions the positive impact on existing retailers and the center’s overall success. However, it does not directly mention any specific financial markets or companies outside of this location.
Presence Of Extreme Event: No
Nature Of Extreme Event: Other
Impact Rating Of The Extreme Event: Minor
Extreme Rating Justification: There is no extreme event mentioned in the text and the main topic is about the growth and success of Angel Central retail destination.
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